(1) In this
regulation —
Board of Examiners means the Board of Examiners
established under the MSIA section 48;
pre‑commencement certificate application
means an application for a certificate of competency under the MSIR
regulation 2.30 pending determination immediately before commencement
day.
(2) The Board of
Examiners continues on and after commencement day in relation to making
determinations about pre‑commencement certificate applications until the
end of the period (the finalisation period ) of 6 months beginning on
commencement day.
(3) If a
pre‑commencement certificate application has not been determined by the
end of the finalisation period —
(a) the
regulator may make a determination about the pre‑commencement
certificate application under the MSIR as continued under
regulation 706(a); and
(b) for
the purposes of paragraph (a), references in the MSIR to the Board of
Examiners are taken to be references to the regulator.